M2M Offers Lowest Bid for Commercial Bank of Ethiopia Contract
M2M Group, a Moroccan based information technology, has offered the lowest bid of 8 million US dollars for
the supply of 420 Units of Automated Teller Machine and 37 Million birr for the supply of 4000 point of sales machines to the Commercial Bank of Ethiopia.
The letter awarding the contract is yet to be issued by the bank and the bank declined to comment on the process until the vendor has officially been announced.
Some other competitors have lodged complaints with the bank alleging that the price quoted by M2M did not include VAT according to sources.
M2M denies any such allegations as baseless according to a senior manager with the company.

